#FTXRefunds 💥FTX refunds are intended to benefit creditors affected by the collapse of the cryptocurrency exchange in November 2022. These creditors include:

- 🔆Clients with claims under $50,000*: Prioritized in the first round of payments, totaling $1.2 billion and distributed on February 18, 2025, through platform K.

- 🔆"Convenience Class" Creditors*: Includes creditors from the Bahamas and others with smaller claims, who will receive a distribution of 120% according to the refund plan.

- 🔆FTX customers with claims for Dotcom and U.S. Customer Rights*: Will receive a distribution of 72% and 54%, respectively.

- 🔆Creditors with Unsecured General Claims and Digital Asset Loans*: Will receive a distribution of 61% according to the refund plan.

Additionally, refunds are expected to have a positive impact on the cryptocurrency market, as part of the refunded funds could be reinvested in cryptocurrencies, generating a positive effect on prices. However, some creditors have criticized the refund model, as payments are based on cryptocurrency prices in November 2022, when Bitcoin was worth around $16,000, far below its current value.